China announced retaliatory measures against the European Union, banning European medical device companies from selling to the Chinese government for procurement budgets exceeding $6.28 million. This action follows the EU's similar restrictions on Chinese products and is part of escalating trade tensions between the two entities. The ban exempts European companies with investments and manufacturing operations in China. This is the latest in a series of trade disputes, including tariffs on brandy and investigations into European pork and dairy products, highlighting growing friction in EU-China trade relations.

Prepared by Rachel Morgan and reviewed by editorial team.